this post was submitted on 12 Sep 2023
252 points (98.5% liked)

World News

32286 readers
1063 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS
 

The IMF report said that explicit subsidites have more than doubled since its previous assessment, from $0.5 trillion to $1.3 trillion in 2022.

It's a bold strategy Cotton, let's see if it pays off for them

you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 3 points 1 year ago (1 children)

These subsidies are mostly implicit. Particularly in countries like the US, Canada etc. Implicit are basically environmental costs. The only countries that government actually is subsidizing growth to any extent are countries like Saudia Arabia, Iran, Russia. To a lesser extent you have Western nations like Germany and the UK that are subsisting energy to your house so you don't pay so much.

In other words the biggest cost or implicit subsidies as they call it is not subsidies to companies but the environmental costs us consumers do not pay to use energy.